Federal Reserve Act

The Federal Reserve Act was signed by President Woodrow Wilson on December 23, 1913. The Act created the Federal Reserve System in the United States.

The Act was presented by Rep. Carter Glass from Virginia on August 29, 1913 to the House of Representatives; it passed the House on September 18, 1913 by a vote of 287-85. After some discussions and amendments the Senate passed the Act on December 19, 1913 with a vote of 54-34. One day later the House voted to disagree and insert their own bill, submitting a conference report to the senate on December 22, 1913. The House agreed to the conference report with a vote of 298-60. On December 23, 1913, the Senate agrees to the report as well with a vote of 43-25.

Major Amendments to the Act have been made over the years regarding emergency advances to groups of member banks and individual member banks, the creation of the Federal Open Market Committee (FOMC), prohibition of participation by state member banks in lotteries, monetary policy objectives, pricing of services related to the Monetary Control Act, annual independent audits of the Federal Reserve Banks and Board, foreign banking business, and relations & restrictions with affiliates.

More information on the Federal Reserve Act can be found on the Board of Governors of the Federal Reserve System’s webpage.

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Report of the Committee of Conference of the Two Houses of Congress on the Bill (H.R. 7837) to Provide for the Establishment of Federal Reserve Banks, to Furnish an Elastic Currency, to Afford Means of Rediscounting Commercial Paper, to Establish a More Effective Supervision of Banking in the United States [Second Edition]

Report of the Committee of Conference of the Two Houses of Congress on the Bill (H.R. 7837) to Provide for the Establishment of Federal Reserve Banks, to Furnish an Elastic Currency, to Afford Means of Rediscounting Commercial Paper, to Establish a More Effective Supervision of Banking in the United States [Second Edition]


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Description:
Second edition.

Citation:
United States. Congress, ([year]), Report of the Committee of Conference of the Two Houses of Congress on the Bill (H.R. 7837) to Provide for the Establishment of Federal Reserve Banks, to Furnish an Elastic Currency, to Afford Means of Rediscounting Commercial Paper, to Establish a More Effective Supervision of Banking in the United States [Second Edition], [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=985

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Date: 1913
Authors: United States. Congress

Changes in the Banking and Currency System of the United States. Report, together with views of the minority and minority views [to accompany H.R. 7837]

Changes in the Banking and Currency System of the United States. Report, together with views of the minority and minority views [to accompany H.R. 7837]


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Report No. 69 of the House of Representatives, Committee on Banking and Currency, 63d Congress, 1st Session. Submitted by Mr. Glass. Committed to the Committee of the whole House on the state of the Union and order printed September 9, 1913. "Views of the minority" signed by E.A. Hayes, Frank E. Guernsey, James F. Burke, Frank P. Woods, and Edmund Platt. "Minority views" submitted by Mr. Lindbergh.
The bill (H. R. 7837) was to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes. This report recommended that the bill pass as amended.

OCLC:
7926422

Citation:
United States. Congress. House. Committee on Banking and Currency, ([year]), Changes in the Banking and Currency System of the United States. Report, together with views of the minority and minority views [to accompany H.R. 7837], [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=394

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Date: 1913
Authors: United States. Congress. House. Committee on Banking and Currency

House Banking and Currency Bill: Also Comparative Print Showing the Changes Suggested by the Amendment Submitted to the Senate by Mr. Owen, Also the Changes Suggested by the Amendments Intended to be Proposed by Mr. Hitchcock to H.R. 7837, an Act to Provide for the Establishment of Federal Reserve Banks, to Furnish an Elastic Currency, to Afford Means of Rediscounting Commercial Paper, to Establish a More Effective Supervision of Banking in the United States, and for Other Purposes

House Banking and Currency Bill: Also Comparative Print Showing the Changes Suggested by the Amendment Submitted to the Senate by Mr. Owen, Also the Changes Suggested by the Amendments Intended to be Proposed by Mr. Hitchcock to H.R. 7837, an Act to Provide for the Establishment of Federal Reserve Banks, to Furnish an Elastic Currency, to Afford Means of Rediscounting Commercial Paper, to Establish a More Effective Supervision of Banking in the United States, and for Other Purposes


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Description:
Comparative print of bill to provide for the establishment of Federal Reserve Banks.

SUDOC:
Y 1.1/3:63-242

OCLC:
22536574, 56572737

Citation:
United States. Congress. Senate, ([year]), House Banking and Currency Bill: Also Comparative Print Showing the Changes Suggested by the Amendment Submitted to the Senate by Mr. Owen, Also the Changes Suggested by the Amendments Intended to be Proposed by Mr. Hitchcock to H.R. 7837, an Act to Provide for the Establishment of Federal Reserve Banks, to Furnish an Elastic Currency, to Afford Means of Rediscounting Commercial Paper, to Establish a More Effective Supervision of Banking in the United States, and for Other Purposes, [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=779

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Date: 1913
Authors: United States. Congress. Senate

Banking and Currency: Hearings before the Committee on Banking and Currency, United States Senate, Sixty-third Congress, First Session, on H.R. 7837 (S. 2639), a Bill to Provide for the Establishment of Federal Reserve Banks, for Furnishing an Elastic Currency, Affording Means of Rediscounting Commercial Paper, and to Establish a More Effective Supervision of Banking in the United States, and for Other Purposes

Banking and Currency: Hearings before the Committee on Banking and Currency, United States Senate, Sixty-third Congress, First Session, on H.R. 7837 (S. 2639), a Bill to Provide for the Establishment of Federal Reserve Banks, for Furnishing an Elastic Currency, Affording Means of Rediscounting Commercial Paper, and to Establish a More Effective Supervision of Banking in the United States, and for Other Purposes


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Description:
These hearings, chaired by Robert Owen and held September 2 through October 27, 1913 were held to discuss passage of the Federal Reserve Act. They are published in three volumes, as Senate Document 232, 63rd Congress, 1st Session. An index is provided at the end of Volume III.

SUDOC:
63/1:S.Doc.232/

OCLC:
6246370

Citation:
United States. Congress. Senate. Committee on Banking and Currency, ([year]), Banking and Currency: Hearings before the Committee on Banking and Currency, United States Senate, Sixty-third Congress, First Session, on H.R. 7837 (S. 2639), a Bill to Provide for the Establishment of Federal Reserve Banks, for Furnishing an Elastic Currency, Affording Means of Rediscounting Commercial Paper, and to Establish a More Effective Supervision of Banking in the United States, and for Other Purposes, [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=429

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Date: 1913
Authors: United States. Congress. Senate. Committee on Banking and Currency

Banking and Currency: Report No. 133 (to Accompany H.R. 7837)

Date: 1913
Authors: Owen, Robert Latham, 1856-1947 ; Hitchcock, Gilbert M.(Gilbert Monell),1859-1934., United States. Congress. Senate

Currency Bill: Comparative Print, Showing the Changes Suggested by the Modified Amendment Submitted to the Senate by Mr. Owen, Also the Changes Suggested by the Amendments Intended to be Proposed by Mr. Hitchcock, to H.R. 7837, and Act to Provide for the Establishment of Federal Reserve Banks to Furnish an Elastic Currency, to Afford Means of Rediscounting Commercial Paper, to Establish a More Effective Supervision of Banking in the United States, and for Other Purposes

Currency Bill: Comparative Print, Showing the Changes Suggested by the Modified Amendment Submitted to the Senate by Mr. Owen, Also the Changes Suggested by the Amendments Intended to be Proposed by Mr. Hitchcock, to H.R. 7837, and Act to Provide for the Establishment of Federal Reserve Banks to Furnish an Elastic Currency, to Afford Means of Rediscounting Commercial Paper, to Establish a More Effective Supervision of Banking in the United States, and for Other Purposes


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Senate document number 264, 63rd congress, 2nd session. A comparative print showing, in three columns, Federal Reserve Act as the House bill, the Owen Amendment, and the Hitchcock amendment.

OCLC:
39990757

Citation:
United States. Congress. Senate, ([year]), Currency Bill: Comparative Print, Showing the Changes Suggested by the Modified Amendment Submitted to the Senate by Mr. Owen, Also the Changes Suggested by the Amendments Intended to be Proposed by Mr. Hitchcock, to H.R. 7837, and Act to Provide for the Establishment of Federal Reserve Banks to Furnish an Elastic Currency, to Afford Means of Rediscounting Commercial Paper, to Establish a More Effective Supervision of Banking in the United States, and for Other Purposes, [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=826

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Date: 1913
Authors: United States. Congress. Senate

Banking and Currency Bill: Comparative Print Showing H.R. 7837, an Act to Provide for the Establishment of Federal Reserve Banks, to Furnish an Elastic Currency, to Afford Means of Rediscounting Commercial Paper, to Establish a More Effective Supervision of Banking in the United States, and for Other Purposes, as Passed by the House, as Passed by the Senate, and as Agreed to in Conference

Banking and Currency Bill: Comparative Print Showing H.R. 7837, an Act to Provide for the Establishment of Federal Reserve Banks, to Furnish an Elastic Currency, to Afford Means of Rediscounting Commercial Paper, to Establish a More Effective Supervision of Banking in the United States, and for Other Purposes, as Passed by the House, as Passed by the Senate, and as Agreed to in Conference


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Description:
Senate document number 335, 63rd congress, 2nd session. A comparative print showing, in three columns, Federal Reserve Act as passed by the House, as passed by the Senate, and as agreed to in conference.

OCLC:
34899778

Citation:
United States. Congress. Senate, ([year]), Banking and Currency Bill: Comparative Print Showing H.R. 7837, an Act to Provide for the Establishment of Federal Reserve Banks, to Furnish an Elastic Currency, to Afford Means of Rediscounting Commercial Paper, to Establish a More Effective Supervision of Banking in the United States, and for Other Purposes, as Passed by the House, as Passed by the Senate, and as Agreed to in Conference, [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=827

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Date: 1913
Authors: United States. Congress. Senate

Report of the Committee of Conference of the Two Houses of Congress on the Bill H.R. 7837, to Provide for the Establishment of Federal Reserve Banks, to Furnish an Elastic Currency, to Afford Means of Rediscounting Commercial Paper, to Establish a More Effective Supervision of Banking in the United States, and for Other Purposes

Report of the Committee of Conference of the Two Houses of Congress on the Bill H.R. 7837, to Provide for the Establishment of Federal Reserve Banks, to Furnish an Elastic Currency, to Afford Means of Rediscounting Commercial Paper, to Establish a More Effective Supervision of Banking in the United States, and for Other Purposes


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Description:
This report discusses the recommendations of the House and Senate on the passage of the Federal Reserve Act. A comparative print showing H.R. 7837 as passed by the House, as passed by the Senate, and as agreed to in Conference, is included.

OCLC:
6234559

Citation:
Glass, Carter and United States. Congress. Conference Committees, 1913, ([year]), Report of the Committee of Conference of the Two Houses of Congress on the Bill H.R. 7837, to Provide for the Establishment of Federal Reserve Banks, to Furnish an Elastic Currency, to Afford Means of Rediscounting Commercial Paper, to Establish a More Effective Supervision of Banking in the United States, and for Other Purposes, [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=427

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Date: 1913
Authors: Glass, Carter, United States. Congress. Conference Committees, 1913

Federal Reserve Act: Public Law 63-43, 63d Congress, H.R. 7837: An Act to Provide for the Establishment of Federal Reserve Banks, to Furnish an Elastic Currency, to Afford Means of Rediscounting Commercial Paper, to Establish a More Effective Supervision of Banking in the United States, and for Other Purposes

Federal Reserve Act: Public Law 63-43, 63d Congress, H.R. 7837: An Act to Provide for the Establishment of Federal Reserve Banks, to Furnish an Elastic Currency, to Afford Means of Rediscounting Commercial Paper, to Establish a More Effective Supervision of Banking in the United States, and for Other Purposes


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This act was approved by President Woodrow Wilson on December 23, 1913.

Public Law 63-43, Federal Reserve Act, December 23, 1913, digitized from the National Archives, Washington, DC, Record Group 11, General Records of the U.S. Government, A1 Entry 5B, Enrolled Acts & Resolutions of Congress, 1824-1956.

This color scan includes certifying signatures of the President, Vice President, and Speaker of the House.

Citation:
United States. Congress, ([year]), Federal Reserve Act: Public Law 63-43, 63d Congress, H.R. 7837: An Act to Provide for the Establishment of Federal Reserve Banks, to Furnish an Elastic Currency, to Afford Means of Rediscounting Commercial Paper, to Establish a More Effective Supervision of Banking in the United States, and for Other Purposes, [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=966

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Date: 1913
Authors: United States. Congress

Public Law 63-43, 63d Congress, H.R. 7837: An Act to provide for the establishment of Federal Reserve Banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes. [Federal Reserve Act]

Public Law 63-43, 63d Congress, H.R. 7837: An Act to provide for the establishment of Federal Reserve Banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes. [Federal Reserve Act]


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Description:
38 Stat. 251

OCLC:
80488368

Citation:
United States. Congress, ([year]), Public Law 63-43, 63d Congress, H.R. 7837: An Act to provide for the establishment of Federal Reserve Banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes. [Federal Reserve Act], [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=975

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Date: 1913
Authors: United States. Congress

Federal Reserve Act of 1913: History and Digest

Federal Reserve Act of 1913: History and Digest


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OCLC:
5133073

Citation:
Iden, V. Gilmore (Virginius Gilmore), b. 1885, ([year]), Federal Reserve Act of 1913: History and Digest, [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=962

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Date: 1914
Authors: Iden, V. Gilmore (Virginius Gilmore), b. 1885

Proceedings of the Academy of Political Science in the City of New York

Proceedings of the Academy of Political Science in the City of New York


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Description:
Volume IV, 1913-1914. Proceedings on banking and currency and banking reform in the United States. Originally digitized as part of the Google Books project.

Citation:
Academy of Political Science in the City of New York, ([year]), Proceedings of the Academy of Political Science in the City of New York, [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=173

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Date: 1914
Authors: Academy of Political Science in the City of New York

Federal Reserve Act, the National Banking Act and All Other Federal Laws Relating to Banking, with Complete Indexes and References: 1812-1914

Federal Reserve Act, the National Banking Act and All Other Federal Laws Relating to Banking, with Complete Indexes and References: 1812-1914


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This book was published by the National City Bank of New York (eventually renamed Citibank), in an attempt to provide "a complete and convenient exposition of the Federal Statutes on banking and currency." It contains subject and alphabetical indices to the Federal Reserve Act, the full text of the Federal Reserve Act, duties and powers of the Reserve Bank Organization Committee, and regulations of the Reserve Bank Organization Committee. The book also contains an index to the National Bank Act and other banking laws, along with text of the National Bank Act and other supplementary acts and amendments.

OCLC:
8699450

Citation:
National City Bank of New York, ([year]), Federal Reserve Act, the National Banking Act and All Other Federal Laws Relating to Banking, with Complete Indexes and References: 1812-1914, [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=262

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Date: 1915
Authors: National City Bank of New York

National-Bank Act as Amended, the Federal Reserve Act and Other Laws Relating to National Banks. August, 1917

National-Bank Act as Amended, the Federal Reserve Act and Other Laws Relating to National Banks. August, 1917


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Description:
This document was compiled under the direction of the Comptroller of the Currency for the use of the Senate. It provides dates of acts relating to national banks, 1863-1915, text of the acts and amendments, and indexes.

SUDOC:
64/1:S.Doc.412/

OCLC:
5768138

Citation:
United States. Office of the Comptroller of the Currency, ([year]), National-Bank Act as Amended, the Federal Reserve Act and Other Laws Relating to National Banks. August, 1917, [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=434

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Date: 1916
Authors: United States. Office of the Comptroller of the Currency

Commercial Banking Practice Under the Federal Reserve Act

Commercial Banking Practice Under the Federal Reserve Act


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Description:
This work, published in 1918, contains the law and regulations, the informal rulings of the Federal Reserve Board, and the opinions of counsel governing bank acceptances, rediscounts, advances, and open market transactions of the early Federal Reserve Banks.
Digitization of the document was sponsored by Microsoft as part of the Microsoft Book Search Service, through Internet Archive.

OCLC:
4848821

Citation:
National Bank of Commerce in New York, ([year]), Commercial Banking Practice Under the Federal Reserve Act, [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=96

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Date: 1918
Authors: National Bank of Commerce in New York

Federal Reserve Act: Its Origin and Principles

Federal Reserve Act: Its Origin and Principles


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Description:
The Federal Reserve Act: Its Origin and Principles was written as a reminiscence by Senator Robert L. Owen, Oklahoma, who drafted the Act with Representative Carter Glass, Virginia. Owen served in the US Senate from 1907 to 1925 and was Chairman of the Senate Committee on Banking and Currency from 1913-1919. This small volume provides a contemporaneous view of the early days of the Federal Reserve System.

His papers are housed at The Carl Albert Center, University of Oklahoma and Library of Congress.

OCLC:
9976844

Citation:
Owen, Robert L., ([year]), Federal Reserve Act: Its Origin and Principles, [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=212

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Date: 1918
Authors: Owen, Robert L.

National-Bank Act as Amended, the Federal Reserve Act and Other Laws Relating to National Banks. February, 1920

National-Bank Act as Amended, the Federal Reserve Act and Other Laws Relating to National Banks. February, 1920


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Description:
This document was compiled under the direction of the Comptroller of the Currency for the use of the Senate. It provides dates of acts relating to national banks, 1863-1920, text of the acts and amendments, and indexes.

SUDOC:
66/2:S.Doc.216/

OCLC:
8664015

Citation:
United States. Office of the Comptroller of the Currency, ([year]), National-Bank Act as Amended, the Federal Reserve Act and Other Laws Relating to National Banks. February, 1920, [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=432

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Date: 1920
Authors: United States. Office of the Comptroller of the Currency

National Banking under the Federal Reserve System

National Banking under the Federal Reserve System


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Description:
This book was published in 1921 by the National City Bank of New York, the largest national bank in the country at the time (eventually renamed Citibank), with the purpose of giving a picture and an interpretation of the national banking in the United States under the Federal Reserve System. The text begins with description of the National City Bank of New York, followed by a brief history of national banking since the passage of the National Bank Act in 1863. The technical details of organizing a national bank are set forth, along with an analysis of both the Federal Reserve Act and the National Bank Act as they affect the management, supervision and general business practices of national banks. The Reserve Act itself is reprinted and indexed, with amendments up to January 1, 1921.

OCLC:
6728976

Citation:
National City Bank of New York, ([year]), National Banking under the Federal Reserve System, [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=261

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Date: 1921
Authors: National City Bank of New York

Bill to Provide for a More Equitable Distribution of the Earnings of Federal Reserve Banks

Bill to Provide for a More Equitable Distribution of the Earnings of Federal Reserve Banks


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Description:
H.R. 4145; revisions to Section 7 of the Federal Reserve Act intended to modify the distribution of the Federal Reserve banks' earnings.

Citation:
United States. Congress. House, ([year]), Bill to Provide for a More Equitable Distribution of the Earnings of Federal Reserve Banks, [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=358

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Date: 1923
Authors: United States. Congress. House

National Bank Bill: Report No. 83 (to Accompany H.R. 2), 69th Congress, 1st session, January 12, 1926.

National Bank Bill: Report No. 83 (to Accompany H.R. 2), 69th Congress, 1st session, January 12, 1926.


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Description:
Report to the House of Representatives regarding H.R. 2, also known as the McFadden Act.

OCLC:
22235959

Citation:
United States. Congress. House, ([year]), National Bank Bill: Report No. 83 (to Accompany H.R. 2), 69th Congress, 1st session, January 12, 1926., [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=987

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Date: 1926
Authors: United States. Congress. House

National Bank Act: Report No. 473 (to Accompany H.R. 2), 69th Congress, 1st session, March 25, 1926.

National Bank Act: Report No. 473 (to Accompany H.R. 2), 69th Congress, 1st session, March 25, 1926.


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Description:
Report presented to the United States Senate regarding H.R. 2, also known as the McFadden Act.

OCLC:
22236023

Citation:
United States. Congress. Senate, ([year]), National Bank Act: Report No. 473 (to Accompany H.R. 2), 69th Congress, 1st session, March 25, 1926., [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=989

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Date: 1926
Authors: United States. Congress. Senate

Amendments to Banking Laws: Report #1481, 69th Congress, 1st session, Conference Report (to accompany H.R. 2)

Amendments to Banking Laws: Report #1481, 69th Congress, 1st session, Conference Report (to accompany H.R. 2)


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Description:
Conference report to the Senate regarding H.R. 2, also known as the McFadden Act.

OCLC:
22235829

Citation:
United States. Congress. Senate, ([year]), Amendments to Banking Laws: Report #1481, 69th Congress, 1st session, Conference Report (to accompany H.R. 2), [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=988

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Date: 1926
Authors: United States. Congress. Senate

Amendments to Banking Laws: Report #1796, 69th Congress, 2d session, Conference Report (to accompany H.R. 2)

Amendments to Banking Laws: Report #1796, 69th Congress, 2d session, Conference Report (to accompany H.R. 2)


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Description:
Conference report presented to the United States Senate regarding H.R. 2, also known as the McFadden Act.

Citation:
United States. Congress. Senate, ([year]), Amendments to Banking Laws: Report #1796, 69th Congress, 2d session, Conference Report (to accompany H.R. 2), [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=990

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Date: 1927
Authors: United States. Congress. Senate

Public Law 69-639, 69th Congress, H.R. 2: An Act to further amend the national banking laws and the Federal Reserve Act. [McFadden Act]

Public Law 69-639, 69th Congress, H.R. 2: An Act to further amend the national banking laws and the Federal Reserve Act. [McFadden Act]


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Description:
44 Stat. 1224

Citation:
United States. Congress, ([year]), Public Law 69-639, 69th Congress, H.R. 2: An Act to further amend the national banking laws and the Federal Reserve Act. [McFadden Act], [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=976

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Date: 1927
Authors: United States. Congress

Draft: Public Act No. [4], 73d Congress. (H.R. 3757): An Act to Provide for Direct Loans by Federal Reserve Banks to State Banks and Trust Companies in Certain Cases, and for Other Purposes

Draft: Public Act No. [4], 73d Congress. (H.R. 3757): An Act to Provide for Direct Loans by Federal Reserve Banks to State Banks and Trust Companies in Certain Cases, and for Other Purposes


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Description:
Draft of language for final act outlining amendments to emergency banking legislation passed March 9, 1933; related to Public Act No. 4, 73d Congress, H.R. 3757.

Citation:
United States. Congress, ([year]), Draft: Public Act No. [4], 73d Congress. (H.R. 3757): An Act to Provide for Direct Loans by Federal Reserve Banks to State Banks and Trust Companies in Certain Cases, and for Other Purposes, [issue title/date], accessed Apr 21, 2014 from FRASER, http:fraser.stlouisfed.org/publication/?pid=351

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Date: 1932
Authors: United States. Congress


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